Home » BUSINESS » How to really save big money when buying a used car

How to really save big money when buying a used car


how-to-really-save-big-money-when-buying-a-used-car-business-8518976813440e65c432jpg-show-news-business-blog--many-good-internet-things

Yes, it is better to buy a used car than a new car. You save on depreciation, taxes and insurance. Most people do not realize that although a car is needed, it is also the worst investment possible because it devalues ​​20 to 30 percent of the value of the time a new car is pushed out of the car. The reason. Take advantage of others by buying a used car (1-3 years old with 10,000 to 30,000 miles). Let others pay that ridiculous depreciation. Along with all the recent improvements in the car of all carriers and models it is not uncommon for a car to run to 200,000 miles.

It used to be that back in the 80s an importer would run 100,000 to 150,000 miles and a country like Ford or GM was good for up to 80,000 to 100,000 miles and then it came at Right Junk it. With the recent improvements it is not uncommon for a vehicle to hit 150,000 miles plus of any do. When you equip this with the fact that most states have higher sales taxes, real estate taxes or combinations that are directly related to the value of a used car Low value becomes a more attractive option. Even lower premiums on used cars. So, with all the savings in buying used vs. new, do you have to pay the asking price at your local car dealership?

Not at all. Having experienced as one of the top car salesmen in the country, I can certainly explain how a used car dealer makes money and exactly they will make a profit from the sale. how. The basic rule is that for every $ 10,000 the price is at least $ 2,000 to mark or profit. So in a car worth 20,000 dollars, the offer price includes about 4,000 US dollars in dealer profits. There is an agent processing fee that most agents charge (an average of $ 300 to $ 600 per vehicle). The agent's processing fee is called net or profit for the seller. Process fees are a way to generate unpaid profits (profits that agents do not pay to sellers). Basically, the agent's processing fee is not related to the processing and is a scam (no payment and if they refuse to remove it somewhere. No charge). Now, there may be a cost that the dealer has details, serves, etc for the car. "."…

This is usually the minimum and always requires documentation for whatever they say. For example, if dealers say we have a whole new brake system put into that car and it costs more than $ 2,000. That may be true, but maybe not. Actual service profiles will likely show $ 300 or more. If they will not show you the actual service records leave and find another agent. This means they are hiding something.
So now you know how they mark their cars, but first you have to understand that there are some very honest and reputable dealers, but there are 10 times that many people are extremely Is not honest. Here are some definite rules that you must follow. 1) Driving.

1) Driving. Do not say their word for anything. Take it. Take it in the day and drive it on the highway, curve and stop and go traffic. Use it as normal. This will reveal issues or items that need to be considered or fixed.

2) Always, after settling on a car that meets your needs, take it to an independent mechanic. This is not important for older cars from 1 to 3 years old, but is important for older cars with higher distances. The independent mechanic or shop will give you a complete run down with around $ 60 that will reveal everything about the car and whether it's a good deal or a nightmare to wait. happening.

3) Run a Carfax report. This may reveal previous accidents and damage caused by floods, but it does not exceed the rules of independent mechanics. Sometimes a mechanic will find things that Carfax did not report as a car accident or flood. Not all accidents and damage caused by floods are reported accurately.

4) Always negotiate the purchase price. Never let them move you to pay until you agree to the price. I was amazed at how many people easily switch to payment that they do not know the purchase price and profit or mark price is how much. Most do not even know the term or rate before they commit. They just want you to commit and then the financial manager makes friends and loses more money in your pocket. At most dealers, profit from the front reaches an average of about $ 1500 for a used car and ultimately the average financial office's profit is about $ 1,700. This money comes from a source of customers. 5) Negotiation. Do homework. Be ready to walk and look elsewhere if the salesperson is unreasonable. Look at your own finances. What most people do not realize is that a good loan can save you huge amounts of money and interest. A car dealer as a rule raises by 2 to 3% over the actual interest rate and they call it convenient for the service provider (as I saw on the CarMax sign and did not think Carmax would help. You save money with their non-haggle prices. A simple comparison will prove this.) In California, they have created laws and legislation to curb this practice or limit it. Always ask the financial manager about approval ratios and evidence. Banks will fax an approval. If the rate is too high then walk.

6) A better option is to buy a car online. I recently bought a GMC ambassador through eBay and had a better price than I could have at a single auction agent. I paid about 3500 dollars less than what the real agents cost would be on this car. I also did not pay any processing fees untrue. When I drove some local dealers and showed them the car and told them what I paid, they said it was not possible until I showed them the sales invoice, the title and the paper. big. Now some of these dealers are buying their cars online and through Ebay. It is important to note that you have to do online research and in-depth research into the car, seller feedback and transaction history, email questions you have, and price review and history listing for the product. Product, year and model of car or truck you are interested in. Watch out for processing fees and so on (all listed explicitly). The best thing about online shopping is that you control the price, there is no final profit for the dealer, and you save big! How big can you save online?

I have saved more than $ 9,000 in comparison to what local agents asked for the same envoy and I had more options. The best deal on an old car is to avoid the dealer completely and buy online. You can find your own sponsor regardless of whether you have good or bad credit and save a ton. If you have to go to an agent, never love a car. Dealers will use this to their advantage. Use the steps above and give them a reasonable offer. You want to end up at $ 500 over their costs and that is reasonable. I saw a profit of $ 13,500 or more on a car worth $ 30,000. That is scary. The dealer's average profit is between $ 2,500 and $ 3,000 per used car. Not taken by an old car dealer. Do homework and compare. Not only will you save on buying a used car, but you will save many years on things like term, interest, taxes, etc. Average Americans work too hard to fall for a month or two close to the seller.

Source by David Maillie

Tags: , , , ,

Leave a Reply

Your email address will not be published. Required fields are marked *

*